Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

<ul><li>While Premier Investments does not have a moat, its strong management team has been able to create value historically by launching new categories, either through acquisition or greenfield capital expenditure. This may continue long term.</li><li>The store rollout and value proposition are currently offsetting online headwinds, but management will have to keep expanding and innovating to mitigate the online threat during a five- to 10-year time frame.</li><li>While Smiggle and Peter Alexander are rapidly growing in niche categories, the overall group is mature and exposed to the retail cycle and year-to-year risk of selling fashion brands.</li></ul><p>Analyst: Farina Parsons</p><p>Full report below the fold...</p>

While Premier Investments does not have a moat, its strong management team has been able to create value historically by launching new categories, either through acquisition or greenfield capital expenditure. This may continue long term.The store rollout and value proposition are currently offsetting online headwinds, but management will have to keep expanding and innovating to mitigate the online threat during a five- to 10-year time frame.While Smiggle and Peter Alexander are rapidly growing in niche categories, the overall group is mature and exposed to the retail cycle and year-to-year risk of selling fashion brands.Analyst: Farina ParsonsFull report below the fold...

Premier Investments Experiences a Tough Domestic Market with International Expansion a Focal Point.